MBA: Mortgage Application Payments Decreased in October

Homebuyer affordability improved in October, with the national median payment applied for by purchase applicants decreasing to $2,039 from $2,067 in September, according to the Mortgage Bankers Association’s Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey.

MBA Chart of the Week: Taxonomy of Mortgage Default

The Research Institute for Housing America recently released a special report that looked at the lessons learned from the Great Financial Crisis, the COVID-19 pandemic, and other past episodes of default, to understand how to design a more robust mortgage system that proactively supports sustainable homeownership.

Cushman: Now is the Time to Fight Climate Change

As sea levels rise, the reality of climate change’s impact on the commercial real estate industry is becoming clearer, reported Cushman & Wakefield, Chicago.